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First National Bank in Mena

Mena, AR · Cert 3883

FDIC

Q1 2005

$119.0MAssets
$79.1MLoans
$90.4MDeposits
$9.7MEquity
Loan mix
78%RE $35.1M19%C&I $8.7M2%Consumer $1.1MQ1 2004Q1 2005
Deposit mix
85%Interest-bearing $76.6M15%Noninterest $13.8MQ1 2004Q1 2005

NIM

5.39%Q1 ’035.03%Q1 ’045.28%Q1 ’05+4%+8%

Non-interest income vs. expense

2.23%Q1 ’032.34%Q1 ’042.30%Q1 ’05-1%-3%

Executive Summary

  • Earnings: ROA of 1.35%, up 19 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 87.50% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

1.35%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.91%+30 bps YoY

Efficiency Ratio (quarter, annualized)

50.82%-460 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.16%1.15%1.31%1.35%1.35%+19 bps
Return on Equity9.05%8.87%9.93%10.12%12.61%+356 bps
Net Interest Margin3.60%3.51%3.72%3.87%3.91%+30 bps
Efficiency Ratio55.42%54.43%50.34%51.12%50.82%-460 bps
Non-Interest Burden1.72%1.66%1.55%1.67%1.68%-4 bps
Growth
Asset Growth (YoY)-5.65%-3.03%-1.71%-2.57%-0.48%+518 bps
Loan Growth (YoY)-0.65%0.48%11.23%9.63%10.21%+1,086 bps
Deposit Growth (YoY)-6.37%-2.53%-1.21%-2.76%0.09%+646 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.24%0.04%0.12%0.04%-6 bps
Allowance / Loans1.44%1.42%1.34%1.36%1.37%-8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital24.44%24.48%23.35%22.53%14.54%-990 bps
Equity / Assets12.98%12.89%13.47%13.25%8.18%-481 bps
Liquidity & Funding
Loans / Deposits79.46%78.13%86.87%88.32%87.50%+803 bps
Liquid Assets / Assets23.74%25.28%19.76%12.54%8.28%-1,547 bps
CRE / Total Capitaln/an/an/an/an/an/an/a